Online High Yield Savings Accounts

The best high yield online savings accounts can easily earn you an apy of 0 60 or greater while the average rate offered by a traditional brick and mortar bank remains at a paltry 0 06. Ally bank 0 80 apy 0 minimum opening deposit. In the world of high yield savings accounts online banks outshine traditional brick and mortar banks on both rates and fees.

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We compare weekly the savings accounts rates of more than 200 banks and credit unions nationwide to compile the best high yield savings accounts currently available.

Online high yield savings accounts. Vio bank s high yield online savings account has one of the top yields around and all balances receive this apy. Vio bank high yield online savings account offers stellar interest rates on all balances and you only need 100 to open an account. High yield savings accounts provide consumers with interest rates that are way above those offered by conventional banks. Thanks to the higher interest rate money in a high yield account will grow at a faster rate than a traditional savings.

A high yield savings account is a type of savings account that typically pays 20 to 25 times the national average of a standard savings account. Typical high yield accounts earn around 1 apy. A high yield savings account is a type of federally insured savings account that earns rates much higher than the national average. Not all banks are created equal.

A high yield savings account isn t just a stable place to stash your cash. This high interest savings account offered by vio bank an online division of midfirst bank is a great way to grow your savings with the flexibility of being able to access your money whenever you need to.